Thoughts on this? Overly Optimistic? Limited Regulations and Competency?
Is valid that Asia produces huge amounts of emissions however with regulations low and challenging econmics of the process, I am somewhat skeptical.
Some locations have great storage option e.g. Australia however is a long haul from China / India to Australia.
Competency could be a concern as well
Either way is a big market and something which Intertek Moody is already currently involved with so future is looking bright
(WO) — The Asia Pacific carbon capture, utilization and storage (CCUS) market could grow to as much as £187.8 billion ($255 billion) by 2035 under an accelerated deployment scenario, according to a new regional assessment by energy consultancy Xodus. The study identifies significant potential for carbon capture, CO₂ transport and geological storage development across a region responsible for more than half of global carbon dioxide emissions. A geographic mismatch between major emissions sources and available storage capacity is expected to drive development of cross-border CO₂ transportation networks. Japan, South Korea and Taiwan are expected initially to focus on validating domestic storage while also developing capabilities to capture and export CO₂. Malaysia and Indonesia, meanwhile, could emerge as major storage locations for both domestic and imported CO₂. Australia and New Zealan...
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